An Improvement In China’s Human Rights Record In XinJiang?, Econospeak by Barkley Rosser On October 5, 2022, the Washington Post published a front section story, “Uyghyr crackdown eases, but Xinjiang;s scars endure,” by Eva Dou and Kate Cadell. The article documents the ongoing human rights problems and a lack of transparency in Xinjiang province in China, including ongoing use of forced labor in prisons in industrial parks, in the wake of...
Read More »Assessment: President Biden’s First Year, Successful? You decide.
As we hear how poorly the economy has been doing, I thought I might review Biden’s first year in office using six graphs from CEPR. I only wish the economy was this poor in 2008 when I forced to seek jobs out of state and work out of state for four years. I was good on making the swoop home to my wife the same as I did coming home from overseas duty. “Assessing the First Year of Biden, in Graphs” is what CEPR is calling its collection of articles...
Read More »Taiwan Weapons
The US military has ideas about how Taiwan can protect itself from a possible Chinese invasion (and therefore deter that invasion) I think they are very good ideas. I think that the proposed program would markedly reduce the threat of a PRC invasion of Taiwan, which is the most alarming threat currently faced by the US and its allies (including the allied country Taiwan, which the US does not recognize). I ask why is this program which is well...
Read More »OPEC Aligns with Russia, “Letters from an American”
This “Letter from an American” author Prof. Heather has a different spin to it. Prof. Heather is discussing OPEC and the impact it is going to have on the US as well as other counties not having the wealth we have. One thing I did not know is, Russia is the Vice-Chair of OPEC. Or Putin has his input to OPEC. Leading up to the MBS ‘s decision to cut oil production, the market was stabilizing and prices were dropping. “October 5, 2022,” Letters...
Read More »Putin Supporters In US Becoming Desperate
Putin Supporters In US Becoming Desperate Latest reports have after Putin annexed four oblasts in Ukraine the Ukrainian military making numerous gains in several of those and simply on a major roll that seems very unlikely to be stopped or even slowed down all that much, short of Putin using nuclear weapons. First Lyman was taken, now the last town the Russians held in Kharkiv oblast was taken. Ukrainian troops appear to be closing fast on both...
Read More »Do Republican Counties have Higher Covid Death Rates than Democratic Counties?
Some seem to think so. A recent paper by Jacob Wallace, Paul Goldsmith-Pinkham, and Jason L. Schwartz appears to backup this claim up with some numbers exclusively of their own. “Excess Covid Death Rates for Republicans and Democrats During the COVID-19 Pandemic,” NBER, © 2022 by Jacob Wallace, Paul Goldsmith-Pinkham, and Jason L. Schwartz “Political affiliation has emerged as a potential risk factor for COVID-19, amid evidence that...
Read More »Unaffordable
Poor Puerto Rico, she is now two hurricanes behind. Understandably so, since, of late, five-hundred-year hurricanes, floods, and droughts, …., have been coming every five years or so. Another one strikes before we can recover from the previous. And, it will only get worse. With each season, we will be getting further, and further behind. In Florida alone, $100 Billion in damages from Ian. How much would it cost to build buildings, infrastructure, …,...
Read More »August JOLTS report: the game of reverse musical chairs in the jobs market is ending
August JOLTS report: the game of reverse musical chairs in the jobs market is ending – by New Deal democrat Since early this year I’ve been making the point that, because of the pandemic, there have been several million fewer persons looking for work, leaving a huge number of unfilled job vacancies, particularly in the face of a roughly 10% higher jump in demand. This has given employees the upper hand, as there are almost always higher...
Read More »Selling fairytales to the credulous
One Handed Economist David Zetland reviews a review by The Economist of the book Superabundance. I admit I did not read the book or even scan it. I will do so later when I have some time to do so. The subtitle kind of gives it away as it promotes (“The Story of) Population Growth, Innovation and Human Flourishing on an Infinitely Bountiful Planet.” In the US there is a lot of noise about legal immigrants coming to the US. Our replacement rate has...
Read More »September manufacturing new orders and August construction spending both turn down
September manufacturing new orders and August construction spending both turn down – by New Deal democrat As usual, we begin another month and another quarter with important manufacturing and construction data. The ISM manufacturing index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months before a recession, and in three cases did not actually cross the line...
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